Asia Pacific (APAC) Electric Vehicle Market (2020-2026)Posted by 6wresearch Market on November 25th, 2020  Market Forecast By Vehicle Types (Two-Wheeler, Passenger Vehicle, Bus, Trucks), By Countries (China, India, Japan, Australia, Malaysia, Philippines, Indonesia, South Korea, Cambodia, Myanmar & Rest Of Asia Pacific) And Competitive Landscape According to 6Wresearch, Asia Pacific (APAC) Electric Vehicle Market size is anticipated to register growth during 2020-2026. Currently, China and Japan hold the dominant share in Asia pacific electric vehicle market. China is the largest manufacturer and consumer of electric vehicles in the world. However, India demonstrates a great potential for the electric vehicle market on account of improvement in the living standards of the people, growing disposable income, and rising environmental awareness. Furthermore, the Indian government plans to transform all the vehicles to electric vehicles by 2030 and it is also focusing on building fast electric charging infrastructure in the country to support the electric vehicle adoption, resulting in substantial growth of electric vehicles over the coming years. However, the growth is anticipated to slow down during the first half of 2020-2021 due to the coronavirus pandemic but likely to get back on track with normal business operations and economic recovery in the second half. Key Highlights of the Report:
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